history of equity Flashcards
origins of equity
the lord chancellor (3)
meaning of equity (in its earliest times)
king = appellate jurisdiction as fountain of justice. but the pressure of business made him to delegate the task to the king.
- keep of the king’s conscience
- priest
- king’s chief secretary
fairness or natural justice
development of equity
aim of equity (2)
2 fundamental features of equity
- not bound by technicalities or restricted by statutes such as statute of westminister and provisions of oxford as common law is.
- mitigate the harshness of common law
- fill the gap
- mitigate the harshness of common law
- the chancellor exercises discretion - which then developed to a distinct body of law
competition with common law
cases 2
king james IV
caused by the great popularity of equity
lord Ellesmere v chief justice coke (
earl of oxford
glansville case
king james the IV offers a decree that in case of conflict with common law, equity should always prevail. however, the king’s ruling was never completely accepted until the judicature act 1873-75 which formalised the relationship between equity and common law.
kingship theory (4 things)
- king answered to god
- reign justly
- respect the established law; for peace and stability
- but king is there as the fountain of justice to mitigate the law were it is too harsh.
ellesmere v coke (3 arguments)
agent of king v learned persons
only CL is restrained by statute of henry iv and edward iii v EQUITY is also restarined by the law
discretionary (equity- deutronomy)
cannot ask for a judgement where one is given v judgement can be questioned by equity if its unjust.
advantages of equity (3)
disadvantages of equity (1)
- less formal and technical
- not restricted by provisions of oxford or westminister since it did not depend on writs
- new claims such as trust
- its flexibility meaning it varied from chancellor to chancellor; john selden “ equity is as long as the chancellor’s foot.” 17th century
formalisation of equity (2 people; 1 thing)
lord nothingham; father of equity
lord hardwicke
equity gets its other definition- as a system of law by judicature act.
judicature acts 1873-75 (2 things)
1 case
3 high court divisions - division was administrative no fusing of the 2 branches of law e.g walsh v lonsdale
- equity should be administer side to common law
- where their is conflict, equity prevails ( what king james had said)
equity now (4)
- equitable doctrines
- equitable remedies
- new claims